Solutions

Genpact AML services encompass the following:

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Customer Lifecycle Management

Genpact provides end-to-end KYC remediation, including identification, verification, and sourcing of documents and PEP screening. We can also review all existing KYC documentation and perform a gap analysis of prevailing regulations in that geography. We deliver operations support for ongoing KYC and support in surge requirements for remediation efforts.

With more than 30 clients in the banking and financial services industry our solutions span:

Process standardizationGenpact drives AML process standardization for zero defects and higher compliance. We help financial institutions define standardization across regions, assess current processes, design blueprints based on best practices, and implement process and technology solutions across the enterprise.

AML Center of Excellence (CoE)Genpact has established more than 40 CoEs for 400+ clients and 30,000 agents. We design, build, and operate CoEs or enable the financial institutions to optimize existing AML CoEs and global AML operations.

Impact

Genpact created an advanced operating model that reduced costs and increased margins, while ensuring and enhancing regulatory compliance for a financial services firm. The efficiency improvements reduced annual costs by $4.2 million, or 45% of the forecasted FTE requirements across the Risk and Compliance team.